Dear Satyam Freshers,
It is to inform you all that we are trying to file a writ in High Court of Andhra Pradesh as soon as we can do against the governments failure in eradicating such a open burglary in Satyam. We would also like to bring before the court about the investigation not covering any of the government agencies whose responsibility is to check such fraudulant activities.
Tuesday, June 29, 2010
Friday, October 9, 2009
Laal Salaam - Com. Balagopal
Radical Democratic Corporate Employees Congress and Satyam Freshers Union are shocked by the news of sudden demise of Com. K Balagopal, a well known rights activist and acclaimed voice which stood un biased against any non- violence.
His support to our initiation of our unions is a great issue which none of the corporate sector new age employees would never forget.
On this regretful day we express our deep condolence to Human Rights Forum, his colleagues and associates and especially his family members.
His support to our initiation of our unions is a great issue which none of the corporate sector new age employees would never forget.
On this regretful day we express our deep condolence to Human Rights Forum, his colleagues and associates and especially his family members.
Tuesday, July 7, 2009
BUDGET - 2009 (Comments)
The Union budget submitted by the Union Finance Minister, Mr. Pranab Mukherjee has not addressed any issue of importance which is being demanded by the people. It failed to understand the stimulus or changes required for the overall development of the country.
The comment of Mr. Pranab Mukherjee in his speech that budget shall not be able to address the problem of recession shows that he has no belief which he is presenting and is also a clear indication of his inability to handle the responsibility.
Neither the wishes of the employees nor employers has been addressed. At the same time, indication of de-nationalization of public sector units in this time of economic downturn shows the possibility of further cuts in employment in the state owned industries. Though half of budgetary receipts are especially from the services sector there has been no mention of support or encouragement to that sector which has also provided a lot of employment in the new arenas.
Budget has not addressed the issues related to mismanagement of economic issues in corporate sector. The scams in the previous financial years did not deter this government to make the auditing and financial transactions a transparent / fraud free issue. It has also given no ears to the salary regularizations which are being demanded by the private sector employees though it is causing heavy economic disparities between top management and entry level salaries.
The new budget is a budget of failed administration and a reprint of the old budgets.
The comment of Mr. Pranab Mukherjee in his speech that budget shall not be able to address the problem of recession shows that he has no belief which he is presenting and is also a clear indication of his inability to handle the responsibility.
Neither the wishes of the employees nor employers has been addressed. At the same time, indication of de-nationalization of public sector units in this time of economic downturn shows the possibility of further cuts in employment in the state owned industries. Though half of budgetary receipts are especially from the services sector there has been no mention of support or encouragement to that sector which has also provided a lot of employment in the new arenas.
Budget has not addressed the issues related to mismanagement of economic issues in corporate sector. The scams in the previous financial years did not deter this government to make the auditing and financial transactions a transparent / fraud free issue. It has also given no ears to the salary regularizations which are being demanded by the private sector employees though it is causing heavy economic disparities between top management and entry level salaries.
The new budget is a budget of failed administration and a reprint of the old budgets.
Saturday, June 27, 2009
HAIL MICHAEL JACKSON
The death of MICHAEL JACKSON is an imminent loss to the world especially to the world of music. This revolutionary artist has created miracles which influenced more than half of the worlds population.
RADICAL DEMOCRATIC CORPORATE EMPLOYEES CONGRESS (RDCEC) expresses deep condolences to the fans, colleagues, family of the worlds greatest musical revolutionary who broke the cultural barriers, MJ.
Tuesday, June 23, 2009
Monday, June 22, 2009
SATYAM VIRTUAL POOL POLICY = AN EXPLOITATION FOR UNDUE PROFITS
The employees of the corporate community are worried about the developments happening in Sat yam. The fraud had affected the future of employees and that of small share holders. Then the Union government started interfering into the affairs of the company saying that it would protect the prospects of the employees and that of small / petty investors. The induction of directors and the process of takeover of the company through bidding was not agitated / resisted by the employees of company with a hope that government would stand on its view.
Later, as even TechMahindra took over Satyam, there was no much interest shown to protect the small investors and no action has been taken against inside trading. Now TechMahindra has started cutting down the number of employees through a different name for layoff, called virtual pool for non billable employees. This is fabrication of the layoff and is a plot to exploit the fraud hit company much to the core. The categorization of employees as billable and non billable can't be done as every employee has been recruited through the same means and for the single entity.
The government policy, now seems to have changed as United Progressive Alliance is being dominated by the ruling Congress, shows no interest in interfering the company now. Employees strongly resent the statements of Minister for Corporate Affairs, Mr. Salman Khurshid trying to support the virtual pool policy of Sat yam. These statements, if true, stand as evidence for one who can say that the Congress government has no interest for protecting the employees of Sat yam and is also trying to gain illegal profits from the lobby of Mahindra's.
At this juncture, we feel that the Prime Minister, Mr. Manmohan Singh should take note of the happenings in Sat yam, ensure that employment is not at loss and protect the company from further being exploited for undue profits.
Later, as even TechMahindra took over Satyam, there was no much interest shown to protect the small investors and no action has been taken against inside trading. Now TechMahindra has started cutting down the number of employees through a different name for layoff, called virtual pool for non billable employees. This is fabrication of the layoff and is a plot to exploit the fraud hit company much to the core. The categorization of employees as billable and non billable can't be done as every employee has been recruited through the same means and for the single entity.
The government policy, now seems to have changed as United Progressive Alliance is being dominated by the ruling Congress, shows no interest in interfering the company now. Employees strongly resent the statements of Minister for Corporate Affairs, Mr. Salman Khurshid trying to support the virtual pool policy of Sat yam. These statements, if true, stand as evidence for one who can say that the Congress government has no interest for protecting the employees of Sat yam and is also trying to gain illegal profits from the lobby of Mahindra's.
At this juncture, we feel that the Prime Minister, Mr. Manmohan Singh should take note of the happenings in Sat yam, ensure that employment is not at loss and protect the company from further being exploited for undue profits.
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